Then you invest that money in a super secure, no risk note with an operator who is already underwater on their original note.

On top of that, you’ll want to budget for ongoing expenses like property taxes, insurance, operational costs (such as utilities and property management), and maintenance.

Whether gained through paid mentorship or an organic relationship, success always leaves clues.

I can give you insight to their operation

They are also getting a seller's concession which will keep their acquisition costs down.The deal will cashflow from day 1 after debt service and ALL operating expenses. 

Unless apartments are just not as marketable, then a multifamily building is likely the most efficient for construction expense, operating expense, and rent/SF.With a building of only 12 units, I doubt you'll see any time-based advantage by phasing in duplexes.

If you plan to operate the entire business, that will be work.

https://www.biggerpockets.com/forums/109/topics/1213369-seek...I'm hoping to go from 0 (doors) to ~20 in about 5 years or so and from what I'm seeing here, it's a promising and likely endeavor with some patience, organization and a good team.TFR :)Fareen

But after a few years, I got really sick of being kept up late, dirty dishes always in the sink, having random girlfriends or other people come through the house, A/C running colder than I'd like, etc.In hindsight I wish I was more organized like you were.

I am trying to figure out the fairest way to go out about this so we can have it written in the operating agreement.